The post CrossCurve Issues Security Update After $EYWA Token Exploit appeared on BitcoinEthereumNews.com. Key Points: Hackers extracted $EYWA tokens, exploit containedThe post CrossCurve Issues Security Update After $EYWA Token Exploit appeared on BitcoinEthereumNews.com. Key Points: Hackers extracted $EYWA tokens, exploit contained

CrossCurve Issues Security Update After $EYWA Token Exploit

2 min read
Key Points:
  • Hackers extracted $EYWA tokens, exploit contained by CrossCurve’s security.
  • Users’ $EYWA tokens are secure and freezing employed.
  • Market watches for regulatory responses, security enhancements expected.

CrossCurve’s recent security update confirmed the containment of an $EYWA token exploit on the Ethereum network, ensuring user funds remain safe, as reported on February 2nd.

The incident underlines ongoing vulnerabilities in DeFi protocols, impacting $EYWA prices and prompting security measures across exchanges to prevent further token misuse.

CrossCurve Halts $EYWA Exploit Using Strategic Freezing

CrossCurve’s security update confirmed that hackers extracted $EYWA tokens, but these remained unusable due to frozen deposits on XT Exchange. The protocol involved consensus validation through Axelar, LayerZero, and EYWA oracles. Actions taken include contacting all centralized exchanges to prevent the sale of compromised tokens, ensuring they do not affect supply circulation. Cross Curve Finance Updates and Insights state that all user funds on the Arbitrum network were declared safe.

Reactions included statements from Curve Finance, a key partner, advising users to reassess their positions in EYWA-related pools. CrossCurve posted a 10% bounty offer for fund retrieval, encouraging cooperation from the attacker.

BingX offers exclusive rewards and top-tier security for new and high-volume crypto traders.

DeFi Community Reacts Amid Regulatory Concerns and Security Enhancements

Did you know? The security vulnerability incident mirrors the 2022 Nomad bridge hack, which drained $190 million. This suggests persistent risks in cross-chain protocols, highlighting the necessity for better security measures.

According to Coincu’s research, thorough security refinement is likely for technological advancement. Despite freezing measures, stakeholders anticipate regulatory scrutiny to intensify, with a focus on bridging security gaps in DeFi projects. Insights from CoinMarketCap also cite that EYWA’s current price stands at $0.00, reflecting a significant market impact.

EYWA(EYWA), daily chart, screenshot on CoinMarketCap at 09:09 UTC on February 2, 2026. Source: CoinMarketCap

Despite the challenges posed by the exploit, the DeFi community is rallying to enhance security protocols and ensure that user funds remain protected in future incidents.

Source: https://coincu.com/news/crosscurve-eywa-token-exploit-contained/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Cashing In On University Patents Means Giving Up On Our Innovation Future

Cashing In On University Patents Means Giving Up On Our Innovation Future

The post Cashing In On University Patents Means Giving Up On Our Innovation Future appeared on BitcoinEthereumNews.com. “It’s a raid on American innovation that would deliver pennies to the Treasury while kneecapping the very engine of our economic and medical progress,” writes Pipes. Getty Images Washington is addicted to taxing success. Now, Commerce Secretary Howard Lutnick is floating a plan to skim half the patent earnings from inventions developed at universities with federal funding. It’s being sold as a way to shore up programs like Social Security. In reality, it’s a raid on American innovation that would deliver pennies to the Treasury while kneecapping the very engine of our economic and medical progress. Yes, taxpayer dollars support early-stage research. But the real payoff comes later—in the jobs created, cures discovered, and industries launched when universities and private industry turn those discoveries into real products. By comparison, the sums at stake in patent licensing are trivial. Universities collectively earn only about $3.6 billion annually in patent income—less than the federal government spends on Social Security in a single day. Even confiscating half would barely register against a $6 trillion federal budget. And yet the damage from such a policy would be anything but trivial. The true return on taxpayer investment isn’t in licensing checks sent to Washington, but in the downstream economic activity that federally supported research unleashes. Thanks to the bipartisan Bayh-Dole Act of 1980, universities and private industry have powerful incentives to translate early-stage discoveries into real-world products. Before Bayh-Dole, the government hoarded patents from federally funded research, and fewer than 5% were ever licensed. Once universities could own and license their own inventions, innovation exploded. The result has been one of the best returns on investment in government history. Since 1996, university research has added nearly $2 trillion to U.S. industrial output, supported 6.5 million jobs, and launched more than 19,000 startups. Those companies pay…
Share
BitcoinEthereumNews2025/09/18 03:26
Trump foe devises plan to starve him of what he 'craves' most

Trump foe devises plan to starve him of what he 'craves' most

A longtime adversary of President Donald Trump has a plan for a key group to take away what Trump craves the most — attention. EX-CNN journalist Jim Acosta, who
Share
Rawstory2026/02/04 01:19
Why Bitcoin Is Struggling: 8 Factors Impacting Crypto Markets

Why Bitcoin Is Struggling: 8 Factors Impacting Crypto Markets

Failed blockchain adoption narratives and weak fee capture have undercut confidence in major crypto projects.
Share
CryptoPotato2026/02/04 01:05